Christopher Bredholt appointed Chief Underwriting Officer – PRESS RELEASE
London, UK, March 18th, 2024: The Development Guarantee Group (DGG), which was co-founded with
Cardano Development, is pleased to announce the appointment of Christopher Bredholt as its new Chief
Underwriting Officer.
Christopher brings a wealth of experience spanning 20 years in assessing investment risks and opportunities
across economic cycles and in private equity and debt roles in both developed and emerging markets.
Christopher joins DGG from Moody’s Investors Service, where he established himself within the credit rating
agency as a leader in the assessment of complex transactions with novel credit enhancements including
guarantees and political risk insurance.
Christopher spearheaded Moody’s analytical activities in emerging markets and developing economies (EMDE)
climate finance for infrastructure, positioning the agency as a thought leader in rated blended finance debt
capital markets issuance. He successfully led Moody’s Investors Service ratings process for path breaking EMDE
project finance deals in Türkiye, Ukraine, Gabon, Kenya, South Africa, Rwanda, and Senegal and helped
strengthen the agency’s work in Asia and Latin America.
Christopher will be part of the senior management team within DGG responsible for developing and executing
the strategy to build a guarantee portfolio for Green Guarantee Company (GGC) which mobilises institutional
capital from global capital and credit markets to finance climate adaptation and mitigation projects in EMDE at
scale. Christopher holds an M.Phil in International Development from St. Antony’s College, University of
Oxford, a B.S. in Finance from the Wharton School, University of Pennsylvania, and is a CFA charterholder.
Commenting on the appointment, Lasitha Perera, CEO, and co-founder of DGG said “We are delighted to
welcome Christopher to the leadership team and have him help us build DGG into one of the most innovative
and impactful platforms in the development finance space. Christopher has significant experience determining
how guarantees can make a project investable for institutional investors and we look forward to benefiting
from this as we seek to mobilise the private sector globally to provide more finance to the developing world.”
Christopher Bredholt added “I am thrilled to be joining the team at DGG, and to work on scaling the Green
Guarantee Company, which is one of the most promising and exciting credit enhancement efforts seeking to
mobilise the institutional investment needed for EMDE climate finance. I look forward to working with
colleagues and market participants to scale guarantee solutions that work, to innovate, and to drive climate
and social impact.”
The Development Guarantee Group
The Development Guarantee Group was established in 2021 by Boo Hock Khoo, Lasitha Perera and Dale Petrie
and co-founded by Cardano Development, thereby uniting the collective experience of a global network of
experts in setting up and running guarantee companies and programmes focused on addressing development
challenges globally. The Development Guarantee Group is the world’s first dedicated guarantee platform with
the mission to design, development and operate guarantee solutions and companies that can effectively
mobilise private sector capital towards funding development and sustainability challenges.
Established in 2007 Cardano Development is an incubator and fund manager that identifies scalable solutions
to make frontier financial markets more inclusive, investible, and sustainable to unlock lasting economic value.
Cardano Development creates solutions for local currency, credit, and liquidity risks in these markets.